Day: June 8, 2018

Bitcoin Cash Price Watch | BCH/USD Heads For Upside Break

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Key Highlights: Bitcoin Cash price held steady for the past few days, trading in the $1,050-1,150 range throughout most of the week. BCH/USD is heading for an upside break, now on a bullish trend line testing a major resistance of $1,125. A major support level has been established at $1,080. BCH/USD Heading For Upside Break For the past week, Bitcoin Cash remained steady as price volatility began to decrease. BCH/USD mostly stayed between the $1,050-1,150 range, though it did surpass the $1,200 level briefly earlier this week. At the moment,…

Codius to be Launched Soon

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By now, most people are aware that Codius is coming back. This in itself is big news, but the relaunch of the smart contract platform is making waves for two other reasons. First, people are talking about it because the product will not be launched through Ripple, but rather by Coil. Second, there is speculation that Codius is going to kill Ethereum (ETH).  In this article, we’re going to be dissecting both of those headlines.  Codius is Back! But It’s Not Ripple’s Product Anymore In May, Stefan Thomas departed from…

Bitcoin Price Watch | BTC/USD Holds Support, Volatility On The Decline

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Bitcoin price hovered around the $7,550-$7,650 territory on Friday morning. Volatility has declined since the beginning of the week, as BTC/USD has been largely trading in this range for the past seven days. BTC/USD also struggled to move past the $7,700 price point earlier today. BTC/USD Holds Support At $7,550 For most of Friday morning, Bitcoin price stayed steady in the $7,550-$7,650 range, with the lower limit being its major support level. Bitcoin has been trading in an increasingly narrow range for the past week, and volatility is on the…

Bitcoin, Ethereum, Ripple Drop 3% in $9 Billion Crypto Market Retreat

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The valuation of the cryptocurrency market has dropped by more than $9 billion over the past 24 hours, as major cryptocurrencies such as bitcoin, Ethereum, Ripple, Bitcoin Cash, and Cardano declined in the range of 2 to 5 percent. Minor Movement Yesterday, on June 7, CCN reported that the cryptocurrency market has stabilized to an extent, as both major cryptocurrencies and minor tokens remained in the same region for over a week, struggling to initiate movements on the upside. Short-term stability in the cryptocurrency market often lead to two outcomes:…

Which Way? Bitcoin’s Low Volatility May Force Big Move

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Bitcoin has been squeezed into an increasingly narrow range for more than two weeks and is now experiencing volatility not seen for eight months. As a result, it’s looking likely that bitcoin could soon make a strong move, but the direction it will take when that happens is less than clear. Since May 24, the cryptocurrency has been restricted to a range of $7,000–$7,800 range, which is already very tight, but the price has barely moved in the last 36 hours, likely indicating an indecisive market. Daily volatility, as indicated by…